August saw more home sales since 2014

Wednesday 23 September 2015  / Ruth Montia

HMRC has released its seasonally-adjusted data that indicates more homes were sold in the UK in August than in any month since February 2014. They show that 106,480 homes were sold during that month.

The latest Revenue figures show UK house prices increased by an average of 5.2% in the year to the end of July. HMRC say this is the third consecutive month with a sales total in excess of 100,000 and this remains well below the pre-downturn days when monthly sales of over 130,000 were typical.

Recently we posted that Hamptons International has increased its forecast for house price increases over 2015 and also expects a greater role for cash-buyers in influencing the market.